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KeyCorp (KEY)

NYSE - NYSE Delayed Price. Currency in USD
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20.66+0.42 (+2.08%)
At close: 4:00PM EST
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  • B
    Bofo
    KEY downgraded by Piper Sandler today from OVERWEIGHT to NEUTRAL. Price target $20.50.
  • D
    D
    Piper wait till KEY goes to $25 and higher. The great rotation from growth to value is under way, plus they just bought an analytics company today to help them understand there customers better. After CCAR in Jun, the fed hopefully will ok div increase this year which will give the stock another boost.
  • D
    D
    M&T buy People United in all cash deal and created combined company of $200B in assets. They should have bought out KEY. At least new 52 week high. KEY is going to $25 with the 10yr treasury still has room to go up to 1.5-2% according to analysts.
  • B
    BrownsTribeCavs
    As posted on the NYCB Message Board:
    Here’s the deal that makes the most sense: KEY takes out NYCB circa 18. NYCB footprint fits perfectly with KEYs needs in NYC market. KEY’s new CEO since May is a cap markets guy turned banker who led their First Niagara acquisition and integration. He and Cangemi are a perfect fit as TC will run NYC banking.

    Thoughts???
  • T
    Tambo210
    Hoping to pick this up just less than $19, if the chance arises....

    Things are looking up and great buy and hold stock to collect the nice dividend and sell calls.
  • T
    Tambo210
    up 4pc in Ah. Something developing?
  • B
    Bofo
    KEY 2020 Q4 earnings was excellent. Beat revenues $1.85B actual vs $1.72B expected.
    Beat earnings .56/share actual vs .42/share expected. Earnings were helped by the release of some loan loss reserves. Key also announced a $900 million share buyback, which should bolster stock price. Listen to the conference call for any forward-looking details that might affect share price.
  • A
    Anonymous
    I am not a short and own 10s of thousands of shares. You got it wrong. I have owned for over 10 years and hope it rockets. Let's see if we hold
  • B
    BrownsTribeCavs
    Also as posted on NYCB:
    18 is a massive win for NYCB. I assume you concur because you state that KEY would not offer that?

    I believe KEY would offer that for two reasons:
    - huge expense consolidation and
    - NYC is the largest market in the US and the premium is warranted. And - - KEY needs to be there in a bigger way for their own survival. An acquisition of KEY by a Money Center bank would destroy the CLE economy.

    No doubt about it - this is a Shot Gun marriage!
  • T
    Tambo210
    short of a 1.8pc rise tomorrow, my calls are going to expire worthless
  • N
    Nick
    Only own this and JPM. Bought in May will hold for life
  • S
    Steve
    Added KEY to my reflation trade today along with RF and HBAN. Solid rates play. GLTA!
  • B
    Billy
    With a dividend of +4% they must be an acquisotion target. Who could buy them out without regulatory red flag with current gov't admin? Best case they get an offer that fails for regulatory and they get paid a cool billion for deal not closing, then repeat the whole thing a few years from now.
  • g
    gene
    I will keep buying.
  • D
    D
    KEY announced .18 dividend payable March 15. Hope they announce an div increase on earnings and update to capital plan next Thur.
  • B
    Bofo
    All bank stocks up huge in past 2 days due to Georgia senate elections going all democratic. This caused the 10-year treasury bill yield to go over 1.0%. It is up again today to 1.08%. The steepening of the yield curve means that banks will make more $$$ on their loans. Keep an eye on the 10-year T-Bill yield for further gains/losses.
  • J
    Jay
    Get ready for a strong move up!
  • C
    Cohen
    What are we thinking? 19.5?
  • C
    Cracker
    KEY being driven down by weakness in the KRE. Despite a good earnings report. Rev up 12.64% and earnings per share up 16.67%. Buying opportunity.
  • S
    Steve
    So much for my reflation trade thesis LOL. And today someone said you can't hide from higher rates in banks. Since when? NIM??????